Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Update

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 123,674 shares, a decrease of 53.4% from the April 15th total of 265,333 shares. Based on an average daily trading volume, of 368,714 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

A number of hedge funds have recently made changes to their positions in FTEC. Financial Life Planners acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $25,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $26,000. Wealth Watch Advisors INC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $30,000. Strategic Advocates LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $31,000. Finally, First Horizon Corp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $34,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock traded down $4.39 during mid-day trading on Friday, reaching $270.56. The company’s stock had a trading volume of 275,915 shares, compared to its average volume of 437,838. Fidelity MSCI Information Technology Index ETF has a 1-year low of $175.39 and a 1-year high of $275.77. The company has a market cap of $19.67 billion, a P/E ratio of 35.45 and a beta of 1.31. The firm’s 50-day moving average is $230.93 and its two-hundred day moving average is $226.95.

Fidelity MSCI Information Technology Index ETF Company Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.